The mortgage industry would benefit from an increase in multifamily loan volume for Federal Housing Administration (FHA)-backed loans, and the U.S. Department of Housing and Urban Development (HUD) would be able to facilitate that by ditching rules and requirements without upping the risk for lenders.

This is according to a letter submitted to HUD Secretary Scott Turner by the Mortgage Bankers Association (MBA). This followed a recent meeting between association leaders and Turner’s multifamily staff at a recent MBA event, where Turner was a featured speaker.

Streamlining multifamily mortgage requirements would be a helpful factor in details ⇒

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